Template:M summ 2002 ISDA 2(c): Difference between revisions

Template:M summ 2002 ISDA 2(c) (view source)

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Revision as of 13:13, 12 May 2023 (view source) Amwelladmin (talk \| contribs) (→‎I mean, what is the point?) ← Older edit		Revision as of 09:42, 24 December 2023 (view source) Amwelladmin (talk \| contribs) (Replaced content with "{{isda 2(a) summ\|isdaprov}}") Tag: Replaced Newer edit →
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	~~Our [[Jolly contrarian~~\|chief contrarian]] wonders what on earth the point of this section is, since [[settlement netting]] is a factual operational process for performing existing legal obligations, rather than any kind of variation of the parties’ rights and obligations. If you owe me ten pounds and I owe you ten pounds, and we agree to both keep our tenners, what cause of action arises? What loss is there? We have settled our existing obligations in different way.		{{isda 2(a) summ\|isdaprov}}

	To be sure, if I pay you your tenner and you ''don’t'' pay me mine, that’s a different story — but then there is no [[settlement netting]] at all. The only time one would wish to enforce [[settlement netting]] it must, ipso facto, have actually happened, so what do you think you’re going to court to enforce?